Strickland identifies big, new gold target with distinctive notes of Millrose
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Strickland’s aircore drilling has achieved exactly what it set out to do – nailing a gold target of significant scale ripe enough to start reverse circulation drilling.
The 14,000m program at the Horse North area has delineated a 1.3km gold trend that remains open along strike to the north and at depth.
Strickland Metals’ (ASX:STK) says the program, which targeted extensions to the Celia Shear zone also returned notable intersections, such as:
“The 1.3km anomalous gold trend is, from a technical perspective, very significant in that it is hosted entirely within the Celia Shear structure itself (unlike much of the gold mineralisation on the Yandal Belt, which is hosted in secondary structures),” chief executive officer Andrew Bray noted.
“Importantly, this is the same host structure as Strickland’s existing Millrose Mineral Resource, which too is hosted within the shear zone, meaning that this gold trend represents a potential analogue to Millrose.
“Overall, the number of large-scale targets we are continuing to develop regionally over our ~100km of strike demonstrates the fantastic potential the company has to make multiple gold discoveries in 2022.”
The identification of the new gold target comes a little more than a month after the company said that its first drill program at the Dusk til Dawn prospect to the north had confirmed that it is a significant gold resource.
Strickland first identified the North Horse target from earlier gravity surveying revealing the area had not been adequately tested by historical drilling, which was either too shallow, too wide spaced or too sporadic to have effectively tested the structure.
STK says the structure is clearly defined from geophysical datasets, and there are several north-west secondary structures, as well as areas of dilation which are ideal targets for gold mineralisation.
With the intercepts to date located along strike from the existing Horse Well resource, the company believes the new target provides an opportunity to add to its resource inventory.
Bottom of hole multi-element analysis from the aircore drilling is due in the coming weeks and will assist with a full interpretation of these results.
A reverse circulation drilling program is currently being designed and planned to occur during the company’s exploration programs for 2022.
This will seek to determine the source of the mineralisation on the 1.3km gold trend, and subsequently follow up on other higher grade secondary structure intercepts.
This article was developed in collaboration with Strickland Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.